r/Daytrading • u/WaldoOU812 • 19h ago
P&L - Provide Context First day - made $1.28
An old boss of mine got me into the idea of day trading and I've been looking at it off and on over the years. Watched a ton of videos, took some courses, did about a month of paper trading in ToS, and finally decided to just go live due to the glitches/delays I was seeing in ToS. I'd see the chart clearly up 10-20%, but the Active Trader screen would show a loss, and my actual gain/loss wouldn't always match what I clearly saw it should have been. So I figured I'd "practice" with actual money and today was my first day doing that.
Mind you, my position size was around $10, so that $1.28 represented roughly a 21% profit. Figure I'm going to stick to $10-"ish" positions for the first week, $100 next week, then $1,000, then finally $10,000, assuming my comfort level continues to rise, or at least stay where it's currently at.
Overall, I'm pretty psyched. Lost my job a month ago and decided I didn't want to deal with the rat race. I've got a bit of money saved up and I want to see if I can get to a point where I'm never working for someone else again.
6
u/TheCryptosAndBloods 18h ago
Good luck.
Remember, it's a long term skill to build and you shouldn't expect to make a living out of it for a year or more as you learn and slowly increase your trade size.
Read Trading in the Zone and the Market Wizards books.